Alley Investment Management Company LLC Sells 17,926 Shares of Carlisle Companies Incorporated $CSL

Alley Investment Management Company LLC lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 71.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,061 shares of the conglomerate's stock after selling 17,926 shares during the period. Alley Investment Management Company LLC's holdings in Carlisle Companies were worth $2,561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Carlisle Companies during the second quarter valued at $1,499,602,000. State Street Corp lifted its position in Carlisle Companies by 6.9% during the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate's stock valued at $668,616,000 after purchasing an additional 134,241 shares during the period. Bank of New York Mellon Corp lifted its position in Carlisle Companies by 26.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate's stock valued at $397,561,000 after purchasing an additional 251,614 shares during the period. Invesco Ltd. boosted its holdings in Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate's stock worth $346,777,000 after purchasing an additional 27,049 shares during the last quarter. Finally, Sands Capital Management LLC grew its position in Carlisle Companies by 13.9% in the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate's stock worth $309,509,000 after purchasing an additional 118,139 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.8%

Shares of CSL opened at $344.75 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $432.91. The company has a 50 day simple moving average of $357.03 and a two-hundred day simple moving average of $355.35. The firm has a market cap of $13.69 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts' consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $6.27 earnings per share. Carlisle Companies's revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts expect that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 19th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.10. Carlisle Companies's dividend payout ratio is currently 28.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings upgraded Carlisle Companies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. DA Davidson started coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They issued a "neutral" rating and a $410.00 price target on the stock. Truist Financial dropped their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. Finally, Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $402.43.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company's operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source